Initiative. Prohibits drilling from surface of tide, submerged or overflowed lands not heretofore leased or allocated. Authorizes Director of Finance on behalf of State to execute thirty-year subsurface leases upon fourteen and two-sevenths per cent royalty to State for extracting oil, gas or other hydrocarbons from beneath tide, submerged and overflowed lands by wells slanted from uplands, prohibiting pollution of tide, ocean, bay or inlet waters. Directs one-half State revenue from such leases be used to acquire, improve and maintain beaches and parks. Repeals conflicting legislation.
Popular Vote Results
Y: 971569; A: 47.3; N: 1081346; B: 52.7
Wm. E. Colby, Chairman California State Park Commission; Mrs. W. D. James, President California Federation of Womens Clubs; Hartley Russell, Grand President, Native Sons of the Golden West
Culbert L. Olson, Senator, Thirty-eighth District, Chairman of Special Committee of State Senate Investigating Extraction of Oil and Gas from State Tidelands
PROHIBITING TIDELAND SURFACE OIL DRILLING. AUTHORIZING SLANT DRILLING FROM UPLANDS California Proposition 4 (1936).